Demand for Vacuum Insulated Panels (VIPs) Market to Exceed 150 Mil SQMTS by 2026

By: Industry Experts Inc.
LOS ANGELES - Nov. 21, 2019 - PRLog -- Industry Experts, Inc. introduced the new market research report "Vacuum Insulation Panels (VIPs) – A Global Market Overview". As per the estimates by the analysts at Industry Experts, Asia-Pacific accounts more than 60% of the global VIPs market in 2019 and the region is also projected to grow with a robust CAGR of slightly over 22% through the analysis period 2019-2026.

These comprise increased volume in commercial and domestic refrigerators, increased shipping times for temperature controlled transportation systems and reduced package size and weight for insulated shipping containers.

Fiberglass (or glass wool) is the predominant core material used in the VIPs worldwide, thanks to the adoption of fiberglass VIPs in Asia-Pacific's refrigerator industry, estimated to account for 71.5% in terms of volume in million square meters in 2019. Further, volume consumption of fiberglass VIPs is projected to record a robust CAGR of 20% during 2019-2026 period in reaching 108 million square meters by 2026.

The market for the material types of VIP products analyzed in this study comprise Core Materials – Fumed Silica, Fiberglass and Others; and Envelope Materials – Aluminum Foils and Metalized Laminates. The report also explores global VIPs market by application consisting of Refrigerators & Freezers, Cold Chain Logistics, Building & Construction and Others.

This report reviews, analyzes and projects the Vacuum Insulation Panels (VIPs) market for global and the regional markets including the North America, Europe, Asia-Pacific and Rest of World for the period 2017-2026 in terms of volume (square meters/m2) as well as value (USD). These regional markets further analyzed for 14 independent countries across North America – the United States, and Mexico; Europe – Austria, France, Germany, Italy, Switzerland and the United Kingdom; Asia-Pacific – China, Japan and South Korea; and Rest of World – Brazil, Russia and Turkey.

This 256 page global Vacuum Insulation Panels (VIPs) market report includes 174 charts (includes a data table and graphical representation for each table), supported with a meaningful and easy to understand graphical presentation, of the market. This report includes the brief business profiles of 48 key global players segmented by VIPs producers – 32; and raw material producers – 16. The report also provides the listing of the companies engaged in research & development, manufacturing and supply of vacuum insulation panels, VIP systems, core materials, barrier films and other raw materials for VIPs production. The global list of companies covers addresses, contact numbers and the website addresses of 71 companies.

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Tags:Vacuum Insulation Panels
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